JPMorgan plans contingent buffered notes linked to crude oil

By Sarah Lizee

Olympia, Wash., Jan. 8 – JPMorgan Chase Financial Co. LLC plans to price 0% contingent buffered notes due Jan. 29, 2021 linked to a futures contract for Brent crude oil, according to a 424B2 filing with the Securities and Exchange Commission.

If the final contract price is greater than or equal to the initial price or less than the initial price by up to 32.65%, the payout at maturity will be par plus the greater of the contract return and 5%. Otherwise, investors will be exposed to oil’s decline from the initial price.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on Jan. 10.

The Cusip number is 48130UTB1.

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